Nbfc

EXEMPTIONS:

     Following companies are exempted from Registration under

    Section 45-IA of the Reserve Bank of India Act, 1934

1.     Housing finance companies

2.     Merchant Banking Companies

3.     Micro Finance Companies

(i)            engaged in micro financing activities, providing credit not exceeding Rs. 50,000 for a business enterprise and Rs. 1,25,000 for meeting the cost of a dwelling unit to any poor person for enabling him to raise his level of income and standard of living; and

(ii)          licensed under section 25 of the Companies Act, 1956; and

(iii)         not accepting public deposits as defined in paragraph 2(1) (xiii) of Notification No. 118/DG(SPT)-98 dated January 31, 1998 ( merchant banking companies)

4.     Government Companies

5.     Venture Capital Fund Companies

6.     Insurance/Stock Exchange/Stock Broker/Sub-broker

7.     Nidhi Companies

Regards

Rajesh Gupta

Dear Trunal Sorte, 

                                       Generally, NGO which are registered under section 25 are not required to registration in RBI. but in your situation there is one problem that whether as per your registration of NGO under section 25 allowed you to do give loan or not. ? 

Please write me email for more detail disccussion on this matter. my email id is sachinagarwalcallb@gmail.com 

Thanks 

Sachin Agarwal CA LLB 

+91 9910822027